Abbey Current Account Preferred In-Credit Rate

The Santander account does it all - it's easy to use and puts you in complete control of your money, with no hidden charges and you could get a fantastic 5% AER on balances up to £1000 for 12 months.
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Abbey no longer provide any current accounts. Compare current accounts from other providers, or use the options to the right.
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Abbey Current Account Preferred In-Credit Rate Features & Benefits

Application Criteria
Existing Customer OnlynoThis account is not available to existing customers only.
Minimum Monthly Credit£1,000A monthly mandate of £1,000 plus is required, if this mandate is not met, the credit interest on the account will be reduced.
Minimum Age18 yearsThe minimum age is 18 years.
Minimum Income£0There is no minimum income required for this account.
Minimum Investment£0
The account will be opened with a nil balance if the customer agrees to credit the account with £1000 or more each month either by a salary mandate...expand
Student Bank AccountnoThis is not a student bank account.
Graduate Bank AccountnoThis is not a graduate bank account.
Facilities
Internet Bankingyes
E-banking is a simple, convenient and secure way for the customer to manage their Abbey card based accounts on-line. The service is available to customers...expand
Branch BankingyesThis account can be operated through a branch.
Telephone Bankingyes
An automated telephone banking service is available 24 hours a day 365 days a year and calls are charged at a local rate The services available via the...expand
Mobile BankingnoMobile banking is currently not available.
Package Current Accountnono
Switching Serviceyes
If the customer wishes to switch their bank account to Abbey then they need their Switcher Service. Abbey will contact the customer's old bank for a list...expand
Debit CardyesA VISA debit card is available.
Maximum ATM Withdrawal£300The maximum ATM withdrawal is £300.00.
Cheque BookyesA cheque book is available.
Additional InformationnoneNo additional information.
Rates
Headline Interest Rate6%The headline interest rate is 6.00% AER.
Reward Payment£0No reward payment payable.
Overdraft
Overdraft FacilityyesOverdraft facilities are available subject to status.
Interest Free Overdraft Limit£0There is no interest free overdraft limit.
Overdraft Buffer Limit£0There is no overdraft buffer.
Standard Overdraft Rate19.9%The advance (authorised) overdraft rate is 19.9% EAR.
Monthly Overdraft Charge£0There is no monthly authorised overdraft fee.
Automatic Overdraft Facility£0An approved overdraft facility is not automatically set up when the account is opened.
Overdraft Arrangement FeenoAn overdraft arrangement fee is not charged.
Unauthorised Overdraft Rate28.7%The (unauthorised) instantoverdraft rate is 28.7% EAR.
Monthly Unauthorised Overdraft Charge£25There is a monthly fee for unauthorised overdraft of £25 per statement period.
Fee & Charges
Monthly Charge£0No monthly servicing charge is made.
Free BankingyesFree banking is available.
Transaction Charge Europe2.75%There is a 2.75% conversion fee for transactions abroad.
Transaction Charge Worldwide2.75%There is a 2.75% conversion rate for transactions abroad.
Debit Card Charge Europe1.25%A £1.25 overseas transaction fee applies for point of sale transactions (not cash withdrawals) abroad in a currency other than sterling.
Debit Card Charge Worldwide1.25%A £1.25 overseas transaction fee applies for point of sale transactions (not cash withdrawals) abroad in a currency other than sterling.
ATM Withdrawal Charge Europe1.99%A charge of 1.50% of the value of the withdrawal is made (minimum £1.99) for VISA/PLUS withdrawals abroad.
ATM Withdrawal Charge Worldwide1.99%A charge of 1.50% of the value of the withdrawal is made (minimum £1.99) for VISA/PLUS withdrawals abroad.
Unauthorised Transaction Fee£35
The Instant Overdraft Request Fee is dependent on the size of the transaction which triggers the request for the service (not the size of the Instant (unauthorised)...expand
Incentives
Cashback£0This incentive is not offered with this account.
Account PromotionsyesInstant transfers - Between Abbey Account and one of the savings accounts.
Sweep Facility
Payments for switching errors .
Credit CardnoThis incentive is not offered with this account.
Life InsurancenoThis incentive is not offered with this account.
Commission Free ForexnoThis incentive is not offered with this account.
Mobile Phone InsurancenoThis incentive is not offered with this account.
Entertainment Ticket DiscountsnoThis incentive is not available with this account.

A-Z Current Account Companies

View our full A to Z list of all current account companies.

You may want to compare the Abbey Current Account Preferred In-Credit Rate with these current accounts

Cumberland Reward Current Account

  • Get a money back of £0 from this current account.
  • Customers get £300 max ATM withdrawal from Cumberland.
  • Transaction charge of £0 is offered with Reward Current Account.
  • Have the benefit of a direct debit set up charge of £0 from this current account.
  • You can get £100 cheque assurance limit.

First Direct 1st Account (with firstdirectory)

  • A 15.9 percent unauthorised O/D rate is offered.
  • Get £500 maximum ATM withdrawal from First Direct.
  • Customers take advantage of £0 direct debit fee.
  • The current account has a £0 minimum additional deposit.

Lloyds TSB Gold Service Current Account

  • New customers get same day cheque deposit clearance time.
  • £0.00 O/D letter charge.
  • Gold Service Current Account offers a money back of £0.
  • ATM withdrawal charge UK of 0% is available with this current account.

NatWest Current Plus

  • The current account gives direct debit set up charges of £0.
  • This NatWest Current Plus has a standing order payment of £0.
  • £0 cash back is available with the current account.
  • Limitless maximum high interest balance is available with the current account.

HSBC Student Bank Account

  • Customers get same day cash deposit clearance time from HSBC.
  • The HSBC current account has an overdraft letter charge of £0.00.
  • Monthly unauthorised overdraft charge of £0.
  • Minimum extra deposit of £0 is available with the current account.

Clydesdale Bank Readycash Account

  • Get available funds only withdrawal restrictions.
  • £0 mthly charge is offered with this current account.
  • New customers take advantage of 0 percent ATM withdrawal payment UK.
  • You benefit from £0 direct debit amendment charges from Clydesdale Bank.
  • A standing order set up payment of £0 is available from Clydesdale Bank.

Santander Reward Current Account

  • Monitoring & alert ID theft alerting is available to customers.
  • 12.9 percent std overdraft rate is offered to customers.
  • Customers get same day cash deposit clearance time.
  • Customers will enjoy initial interest rate of 5%.